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What Is The Market Size Of The Malted Milk Market? | Grand View Research, Inc

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What Is The Market Size Of The Malted Milk Market? | Grand View Research, Inc

March 16
20:55 2020
What Is The Market Size Of The Malted Milk Market? | Grand View Research, Inc

Grand View Research, Inc. – Market Research And Consulting
The milk liquid type segment is estimated to lead the global malted milk market expanding at the fastest CAGR of 5.53% from 2019 to 2025. Malted milk is prepared by combining whole milk powder, malted grain flour, and other ingredients, which are used as fortification and flavoring agents in food and beverages. It provides sweetness and a creamy mouthfeel to the food products. It is widely used as a coating ingredient.

The global malted milk market size is expected to reach USD 8.12 billion by 2025 registering a CAGR of 5.5%, according to a new report by Grand View Research, Inc. Malted milk is prepared by formulating whole milk powder, malted grain flour, and other ingredients, which are used as fortification and flavoring agents in food and beverages. It is used as a coating ingredient and provides sweetness and a creamy mouthfeel to the food and snack products.

The market growth can be attributed to the rising awareness about the benefits of malted foods and drinks and high demand for the product as nutrition supplement. In addition, rising health consciousness and rapid urbanization and industrialization across the globe are expected to have a positive impact on the market growth. Wheat source segment led the global market in 2018 and will expand further over the forecast period due to easy and abundantly availability of wheat.

It is also estimated to be the fastest-growing segment from 2019 to 2025. Moreover, wheat is cheaper and a better option to formulate with the other ingredients in malted milk. Barley is another key ingredient, which is considered as a highly nutritious substance. It contains proteins, amino acids, soluble fibers, and essential minerals, such as potassium, zinc, calcium, and magnesium.

“Read Report Summary, Toc, Market Segmentation, Research Methodology, Request a Free Sample“ Malted Milk Market  Click the link below:
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U.S. malted milk market

 

Further key findings from the study suggest:

  • Asia Pacific is estimated to be the dominant, as well as, fastest-growing regional market over the forecast period due to high product demand

  • Furthermore, growing population in countries, such as India, Japan, and China, along with increasing health awareness will drive the regional market

  • Some of the key companies in the market are Nestle S.A., Horlicks, GlaxoSmithKline, Briess Malt & Ingredients, Imperial Malts Ltd.,SSP Pvt. Ltd., Family Cereal Sdn. Bhd., Muntons plc, Food & Biotech Engineers India Pvt. Ltd., and Insta Foods

  • These companies focus on new product development and capacity expansion to gain a greater market share

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Global malted milk market

 

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Grand View Research has segmented the global malted milk market on the basis of source, type, and region:

Malted Milk Source Outlook (Revenue, USD Billion, 2015 – 2025)

  • Wheat

  • Barley

  • Others

Malted Milk Type Outlook (Revenue, USD Billion, 2015 – 2025)

  • Liquid

  • Powder

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About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 26 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 426 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 600 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

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